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20130416
20130416
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. how do you see the regulatory environment playing out? and how are you going to improve margins in this scenario? >> actually, my margins improved by 140 basis points over the quarter. so we had a record margin for the first quarter. so over a 40% margin. i was asked specifically, can our margins even improve more, and i said, well, we have a lot of pressures on regulatory issues. we're reinvesting in our company by hiring more people. so i was just being cautionary. but to answer your question, our margins have had improved year after year. they're going to improve from 2012 into 2013. i believe our business model will allow margins to improve, despite, despite, we're spending at more money on lawyers, spending a lot more time working with our regulators. and i think this is just the cost of doing business moving forward. >> we'll leave it there. larry, always wonderful to have you on the program. thanks so much for your time. >> thanks, maria. >> larry fink, black rock. we have a market up 112 points. we are still waiting on answers coming out of boston in terms of suspects. w
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